Artesian Resources

Artesian Resources began to serve customers in small communities in northern Delaware more than 100 years ago. Our mission then was the same as it is now: to provide the best quality water and the best customer service. Today, although we have expanded our capabilities and our service area, our water business remains our single largest business line, accounting for nearly 90% of our revenues. In fact, Artesian is the eighth largest investor-owned water utility in the United States by total capitalization.
We provide consistently high-quality, reliable water and we do so economically. Our customers pay less than a penny for each gallon of water they receive from Artesian. We know this business very well, as our consistently excellent performance demonstrates.

Type
Public
HQ
Newark, US
Size (employees)
225 (est)-2%
Artesian Resources is headquartered in Newark, US

Artesian Resources Office Locations

Artesian Resources has offices in Newark and Milton
Newark, US (HQ)
664 Churchmans Rd
Milton, US
14701 Coastal Hwy

Artesian Resources Data and Metrics

Artesian Resources Financial Metrics

Artesian Resources's revenue was reported to be $19.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

19.2 m

EBIT (Q1, 2017)

4 m

Market capitalization (25-Jul-2017)

363.1 m

Cash (31-Mar-2017)

209 k
Artesian Resources's current market capitalization is $363.1 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

69.1 m72.5 m77 m79.1 m

Revenue growth, %

5%6%3%

Operating expense total

54.6 m56.4 m59.4 m60.3 m

EBIT

14.5 m16 m17.6 m18.8 m

EBIT margin, %

21%22%23%24%

Net Income

8.3 m9.5 m11.3 m13 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

17.9 m19.6 m18 m19.5 m20.8 m18.4 m19.4 m21.8 m19.2 m

EBIT

3.6 m5.3 m3.7 m5 m5.4 m3.9 m4.7 m5.9 m4 m

EBIT margin, %

20%27%20%26%26%21%24%27%21%

Net Income

2 m3.3 m2.5 m3.2 m3.7 m2.8 m3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

422 k243 k209 k226 k

Accounts Receivable

5.1 m5.1 m6.4 m7.8 m

Inventories

1.5 m1.9 m1.7 m1.6 m

Current Assets

13.3 m16.6 m14.4 m14.6 m

Total Assets

403.8 m422.2 m431.6 m451 m

Accounts Payable

4.1 m3.8 m4.9 m5.5 m

Total Debt

106.6 m106.2 m104.9 m103.6 m

Current Liabilities

25.6 m30.2 m23.2 m19.3 m

Common Stock

8.8 m8.9 m9.1 m9.1 m

Additional Paid-in Capital

90.8 m92.5 m95.6 m97.5 m

Retained Earnings

22.2 m24.1 m27.6 m32.4 m

Total Equity

121.8 m125.6 m132.3 m139 m

Debt to Equity Ratio

0.9 x0.8 x0.8 x0.7 x

Debt to Assets Ratio

0.3 x0.3 x0.2 x0.2 x

Financial Leverage

3.3 x3.4 x3.3 x3.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

394 k203 k353 k360 k525 k511 k223 k244 k209 k

Accounts Receivable

5.5 m5 m6.1 m5.9 m6.6 m5.8 m7.9 m7.8 m6.2 m

Inventories

1.7 m1.8 m1.9 m1.8 m1.7 m1.8 m1.9 m2.1 m1.6 m

Current Assets

12.4 m14.2 m14.5 m13.8 m15 m12.1 m14 m15.9 m12.2 m

Total Assets

407.9 m417 m421.5 m424.6 m429.9 m430.8 m439 m446.9 m458.5 m

Accounts Payable

3.3 m3.9 m3.4 m2.6 m3.2 m3.1 m3.6 m4.4 m4.3 m

Dividends Payable

1.9 m1.9 m2 m2.1 m

Current Liabilities

25.9 m34.2 m28.2 m25.7 m27.3 m17.4 m17.5 m20.9 m43 m

Common Stock

8.9 m8.9 m8.9 m8.9 m9 m9.1 m9.1 m9.1 m9.1 m

Additional Paid-in Capital

92.1 m92.3 m92.7 m92.9 m94.4 m96 m96.8 m97.1 m97.9 m

Retained Earnings

22.5 m22 m22.8 m26.1 m25.8 m28.5 m29.5 m29.7 m33.4 m

Total Equity

123.4 m123.2 m124.5 m127.9 m129.2 m133.5 m135.4 m135.9 m140.5 m

Financial Leverage

3.3 x3.4 x3.4 x3.3 x3.3 x3.2 x3.2 x3.3 x3.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

8.3 m9.5 m11.3 m13 m

Depreciation and Amortization

8.3 m8.7 m8.8 m9.2 m

Inventories

(132 k)(405 k)177 k149 k

Accounts Payable

641 k(357 k)1.1 m618 k

Cash From Operating Activities

21 m18.3 m28.3 m29.8 m

Capital Expenditures

(21.2 m)(23.7 m)(20.7 m)(28.3 m)

Cash From Investing Activities

(21.2 m)(23.7 m)(20.6 m)(28.2 m)

Dividends Paid

(7.2 m)(7.5 m)(7.8 m)(8.2 m)

Cash From Financing Activities

(62 k)5.2 m(7.7 m)(1.6 m)

Interest Paid

7.1 m7 m7.4 m6.7 m

Income Taxes Paid

2 m1.6 m2.6 m1.4 m

Free Cash Flow

42.2 m42.1 m49 m1.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

2 m3.3 m2.5 m3.2 m3.7 m2.8 m3 m

Depreciation and Amortization

2.2 m2.3 m2.2 m2.2 m2.2 m2.3 m2.2 m2.3 m2.3 m

Accounts Receivable

5.5 m5 m6.1 m5.9 m6.6 m5.8 m7.9 m7.8 m6.2 m

Inventories

1.7 m1.8 m1.9 m1.8 m1.7 m1.8 m1.9 m2.1 m1.6 m

Accounts Payable

3.3 m3.9 m3.4 m2.6 m3.2 m3.1 m3.6 m4.4 m4.3 m
USDY, 2017

Revenue/Employee

85.3 k

Financial Leverage

3.3 x

Artesian Resources Market Value History

Artesian Resources Company Life and Culture

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